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ISO Policy

Summary: The Insurance Services Office (ISO) has a bailees customers coverage form, IH 00 85 12 01 , that is part of its inland marine (IM) program for nonfiled commercial IM exposures. Bailees customers insurance is discussed in the Specialty Lines Bc- pages, but this article reviews the ISO coverage form, with its insuring agreement, exclusions, conditions, and definitions.

Topics covered:Coverage Exclusions Limits of insurance and deductibleAdditional conditionsDefinitions Declarations page


IH 00 85 declares that the insurer will pay for direct physical loss of or damage to covered property from any of the covered causes of loss. The coverage form applies to direct physical damage and not to any consequential losses, or loss of use. The covered causes of loss are said to be all risks of direct physical loss or damage except those causes of loss listed in the exclusions section of the policy; in other words, IH 00 85 is an all risk or open perils type coverage form, which is in keeping with an inland marine form.

The property that is covered under this form is the personal property of others that is in the care, custody, or control of the named insured. IH 00 85 does list property that is not covered and this list includes the following: accounts, bills, currency, records, deeds, money, securities, or stamps; animals; autos and trailers; aircraft and watercraft; furs or garments trimmed with fur; jewelry, watches, precious or semi-precious stones, gold, silver, bullion, or other precious metals; property while in the custody of other bailees (for example, if the insured is a dry cleaner and sends customers’ shirts off-premises to another dry cleaning company for processing); property while waterborne; property that the named insured has accepted for storage (unless the declarations page lists this as a covered exposure); property shipped by mail; or contraband or property in the course of illegal transportation or trade.

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